Ford said Monday the tie-up would see CATL’s battery technology licensed for use in a new $3.5 billion EV battery plant.

LG Chem will purchase 1,096,535 newly-issued shares of Piedmont common stock for $75 million.

Under the Sicomines deal, Chinese investors committed to spending $3 billion on infrastructure, but the state auditor demanded that commitment be increased to $20 billion.

Freyr is building its first battery cell factory in Norway.

They plan to become the second nickel producer in the United States.

The move has attracted skepticism as to whether Mexico can commercially extract its lithium.